Updated October 4 at 12:45am
38 Studios
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The R.I. Commerce Corporation had an operating loss of $13.9 million for fiscal 2015, associated primarily with the legal costs connected with 38 Studios LLC, according to an audit approved by the corporation’s board of directors Wednesday night. more
Former Gov. Donald L. Carcieri deflected a number of red flags raised by a high-ranking cabinet member about the proposed financing deal subsequently approved for the now-bankrupt video game company 38 Studios LLC founded by former Boston Red Sox pitcher Curt Schilling. more
No one, it seems, is willing to take responsibility for advancing plans that ultimately led to $75 million in state loan guarantees for failed 38 Studios LLC, according to depositions included in thousands of Superior Court documents unsealed Thursday. more
More than 1,500 files containing depositions and court records from the high-profile 38 Studios lawsuit will be unsealed Thursday afternoon, according to a court spokesman. more
(Updated 4:29 p.m.) Several groups met Thursday to call on Gov. Gina M. Raimondo and House Speaker Nicholas A. Mattiello to investigate the 38 Studios deal. They also want greater transparency on the Pawtucket Red Sox relocation proposal. more
While the collapse of 38 Studios LLC was a singular and precipitous event, the effort to recoup some of the state-guaranteed bond money lost in the deal keeps moving along in drips and drabs. Case in point, the second settlement stemming from the … more
The R.I. Commerce Corp. has agreed to a $12.5 million proposed settlement with several defendants involved in the pending 38 Studios lawsuit. more
(Updated 2:27 p.m.) Retired Supreme Court Chief Justice Frank J. Williams has been appointed mediator in the 38 Studios litigation. more
An auction sale for the remaining assets of 38 Studios LLC, the video game company founded by former Boston Red Sox pitcher Curt Schilling, will be held March 25 at the Sheraton Conference Center, 1850 Post Road. more
The Corporate Market Place Inc., operating under a taxpayer-backed loan program, is struggling to pay off its debt and can’t keep current on its rent. more
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